Daily Elliott Wave Video Analysis — December 2, 2016

The daily Elliott Wave analysis video for December 2, 2016, is available here.
The video will always remain accessible via the current link for future
reference. You can use it to check the accuracy of our Elliott Wave forecasts
or for your self-education in such analysis.

It is recommended to watch the video in a fullscreen mode.

AUD/USDTrend is bullish in 1 hour chart. Intraday support is present at 0.7363 price level. So, as long as price stay above 0.7363 support level, look for buy trades. If bearish candlestick closes below 0.7363 critical support level then up trend is going to end.

EUR/JPYTrend is bullish in 1 hour chart. Intraday support is present at 118.54 price level. So, as long as price stay above 118.54 support level, look for buy trades. If bearish candlestick closes below 118.54 critical support level then up trend is going to end.

EUR/USDTrend is bullish in 1 hour chart. Intraday support is present at 1.0553 price level. So, as long as price stay above 1.0553 support level, look for buy trades. If bearish candlestick closes below 1.0553 critical support level then up trend is going to end.

GBP/USDTrend is bullish in 1 hour chart. Intraday support is present at 1.2418 price level. So, as long as price stay above 1.2418 support level, look for buy trades. If bearish candlestick closes below 1.2418 critical support level then up trend is going to end.

USD/JPYTrend is bullish in 1 hour chart. Intraday support is present at 111.35 price level. So, as long as price stay above 111.35 support level, look for buy trades. If bearish candlestick closes below 111.35 critical support level then up trend is going to end.

USD/CHFTrend is bullish in 1 hour chart. Intraday support is present at 0.9994 price level. So, as long as price stay above 0.9994 support level, look for buy trades. If bearish candlestick closes below 0.9994 critical support level then up trend is going to end.

Forex trading bears intrinsic risks of loss. You must understand that Forex trading, while potentially profitable, can make you lose your money. Never trade with the money that you cannot afford to lose! Trading with leverage can wipe your account even faster.

CFDs are leveraged products and as such loses may be more than the initial invested capital. Trading in CFDs carry a high level of risk thus may not be appropriate for all investors.